The Steering Committee on Security Futures of the Securities Industry Association (SIA)* and the Futures Industry Association (FIA) submit comments to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on a joint-agency proposals relating to listing standards for cash settlement and regulatory halt requirements for security futures products, S7-15-01.  The groups share concerns regarding the joint-agency proposals applicable to market disruptions resulting in the unavailability of opening prices on a contract’s settlement date.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.